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VVS Virtual Video Systems to divest VOD patent portfolio.

TELECOMWORLDWIRE-April 17, 2012-VVS Virtual Video Systems to divest VOD patent portfolio(C)1994-2012 M2 COMMUNICATIONS

Distributed Video on Demand systems (VOD) company VVS Virtual Video Systems (Canada) Inc (VVS) announced on Monday that it was going to divest its patent portfolio in the VOD space and has retained US patent brokerage firm TANGIBLE IP LLC to coordinate the sale.

No financial details were disclosed.

According to the company, the main VVS patent entitled Video and Multimedia Distribution System was filed in 2006 and describes a digital media content-on-demand hosting/delivery system for using an n-tier, multi dimension dynamic data technology to distribute digital content and manage information to consumers. It comprises separate delivery and end-user systems with separate but compatible software.

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Date:Apr 17, 2012
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